Dominium is a decentralized ecosystem for trading and management of property assets. Real Estate investment is nothing new. However, introduction of blockchain technology into real estate business unlock the multiplicity and dynamic functions which is usual to this technology. Blockhain technology has become a powerful tool through which data transfer in form of transactions are processed securely without human alteration with high degree of transparency. The idea behind the decentralized dominium system is to remove the barrier that exists in the traditional real estate business that makes the business dominated by individuals or group of elite with a huge net worth. The dominium platform relies on Ardor blockchain to manage user asset on the platform. This ardor which was built on Nxt blockchain is made of two major components which include the main chain and the child chain. The child chain is specifically developed to suit businesses such as the real estate. Using ardor blockchain which was built on Nxt allow dominium to explore advantages of two strong blockchain based technology.
Some of the important reasons why real estate investors should take these advantages and join Dominium platform include;
(1) Multilingual and multiplicity of the platform: The concept behind the dominium development is very great. Language barrier is one of the major problem dominium platform has addressed. The website was setup to suit people different languages. The default language which you want your profile to be display will be setup during registration on the platform. The dominium platform has integrated more than 20 top speaking languages across the globe to make the use of the platform easy.
(3) Multi-currency supported: Another important benefit of dominium platform is the ability to trade on the platform using different currencies ranging from cryptocurrencies (BTC, ETH, BCH, LTC, BNB, NXT, ARDR, IGNIS) to fiat (EUR). The DOM token is the official token of the dominium but this token will be used on the platform to pay for transaction fee. Other activities in which payment will be made through DOM token include asset creation, asset trading, support tickets creation, charities voting, property listing, etc.
(4) Fast customer support: you may not have witnessed this until you have participated in their ongoing ITO. Dominium has dedicated staffs that respond to mail timely. No wonder they have that huge numbers of investors on their telegram page.
For more information about Dominium ITO or other enquiries, kindly visit any of the links below;
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Thesmallgod
(2) Compliant government regulation: Such robust platform with a lot of potential in dealing with various regulated asset need to be in full compliant with regulations which has been set aside by government. This will help to prevent issues relating to Anti-money Laundering (AML). Dominium will introduce KYC verification for all customers before they are on boarded to the platform. This means before anyone can even take part in the ICO which is currently ongoing or trade an asset on the platform, he/she will have to pass the KYC verification. The Dominium KYC verification is in three stages which are called ‘The Clearance Levels’. Users are expected to pass at least Clearance level one (CL1) before they can participate in the initial token offering. For more details about the information required for the KYC verification you can visit dominium website http://dominium.me/.
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